Hyundai to invest $ 2.7 billion at the Georgia Factory that I CE RAID

Without tension by the latter The ice raid that collected hundreds of its workers In Georgia, Hyundai announced a new list of investments in the United States, including $ 2.7 billion at the EV battery factory where the raid took place. The auto manufacturing company also plans to issue a set of new electric models, including EVS range and more than ten hybrid vehicles by 2030. But it will expand its gas -powered collection with the appearance of a medium -sized pickup truck of North America in 2030.

Hyundai released ads on the day of the investor, the annual executive director held in New York City – the first time that the auto company has held the event outside South Korea. It was a sign that despite the setback in Georgia, Hyundai did not leave the gas. But the ice raid is still waving on the horizon on the event. Jose Montes, CEO of Hyundai, opened his statements by expressing his sympathy for detained workers and reaffirming the company’s commitment to create job opportunities in the United States.

“I want to express our sincere sympathy for the workers from our facility,” Monuz said. “We understand the tension and hardship that this causes for them and their families.”

On the fourth of September, ICE agents landed on the EV battery factory jointly by Hyundai and LG Energy Solutions, where they detained about 500 workers, including about 300 South Korea workers. Some workers said they were manufactured, linked to chains, and they were kept in a detention center for several days. South Korean officials are said to be investigating the incident of human rights violations.

Metabylane in Georgia Perhaps the largest migration raid site in the history of the United States, but also the focus of Hyundai’s efforts to bring more car manufacturing to the North American market, which Munoz described as the engine that nourishes the company. A new cash pump of $ 2.7 billion, stripped over a period of three years, will help finance the second stage of the factory building. The company says the factory is on the right road to build 500,000 cars by 2028, with a special focus on EVS and hybrid. The auto company said that expanded production is expected to create 3000 direct and indirect jobs in Georgia.

By 2030, Hyundai expects 80 percent of the vehicles it sells in the United States locally, with the supply chain content increased from 60 percent to 80 percent. This should be a long way to appease the Trump administration, which used the threat of definitions on companies to pressure companies to bring more manufacturing to the United States.

But there is still acknowledgment that EV sales are likely to grow slower in the United States compared to the rest of the world, thanks to the elimination of incentives and management benefits. Monus described North America as “paid hybrid”, while Europe and China were “EV”.

Globally, Hyundai is looking for a big goal: 5.5 million cars were sold annually by 2030, and 3.3 million of them will be electric. This is an increase of 1.2 million cars for Hyundai’s global ability every year.